Tuesday, January 4, 2011

Gone in one second...

Andrew Malcolm from the Los Angeles Times tries to place some perspective on the $14 trillion (as of last Friday) national debt.

Fourteen trillion is 14-thousand billions. A billion is a thousand millions. A million is a thousand thousands.
A trillion has so many zeroes it won't fit in your checkbook -- 12 zeros, to be exact...

On [June 1] the national debt was "only" $13 trillion. It's 214 days from June 1 through last Friday, Dec. 31. That's 5,136 hours or 308,160 minutes or 18,489,600 seconds.

In those seven short months the national debt increased by $1,000,000,000,000.

That works out to be a growth in national debt of $54,084 borrowed during every single one of those 18,489,600 seconds.

Scroll down to see approximately what that brief second looks like in real money:
THIS MUCH
a Ten Thousand dollar bill
PLUS THIS MUCH
a Ten Thousand dollar bill
PLUS THIS MUCH
a Ten Thousand dollar bill
PLUS THIS MUCH
a Ten Thousand dollar bill
PLUS THIS MUCH
a Ten Thousand dollar bill
PLUS THIS MUCH
One Thousand Dollar Bill
PLUS THIS MUCH
One Thousand Dollar Bill
 PLUS THIS MUCH
One Thousand Dollar Bill
 PLUS THIS MUCH
One Thousand Dollar Bill
PLUS THIS MUCH
Fifty Dollar Bill
PLUS THIS MUCH
Twenty Dollar Bill
PLUS THIS MUCH
Ten Dollar Bill
PLUS THIS MUCH
One Dollar Bill
PLUS THIS MUCH
One Dollar Bill
PLUS THIS MUCH
One Dollar Bill
PLUS THIS MUCH
One Dollar Bill
IN BORROWED MONEY EVERY SECOND SINCE JUNE 1
Salmon P. Chase, who knew?

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